Korea's Economy to Rank 10th in the World

  • Arirang News

    December 27, 2021 08:30

    Korea's economy is on course to consolidate its position as the 10th biggest in the world, according to the International Monetary Fund on Sunday.

    The IMF projects the country's total GDP to tally US$1.824 trillion this year, which is most likely to keep it in 10th place.

    Next year GDP is expected to grow to $1.9 trillion, which again would make it the 10th biggest for a third year in a row.

    Korea first broke into the top 10 in 2020 during the coronavirus pandemic, in large part thanks to the smaller economic losses it endured than other countries that locked down harder.

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